Never buried, market just isn't giving me anything right now.
You're stuck with me all year. I aint going nowhere.
There's only three things to trade with these metals, so there's gonna be dead periods. We're in one.
Last half of January was brutal for me all across the board, forex too. Gotta keep on though. The good stuff usually follows.
Comment
jjgold
SBR Aristocracy
07-20-05
388189
#74
Gold on a bull run
No idea what top is
Dollar been a little weaker
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#75
Originally posted by jjgold
Gold on a bull run
No idea what top is
Dollar been a little weaker
Dollar hasn't really done shit for anything one way or another for weeks, which is the main why I haven't gotten any signals to move.
Copper moves a bit more independently, but nothing there right now either.
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#76
Aaaannnnnnd we're back.
Discipline sucks sometimes. The market gave me nothing for a good month. If I tried to force trades, I would have gotten killed. Then, when the first big run that breaks out of the shit comes, you usually miss it, which is tough too. Then it finally gets good again.
Forex got good again about a month ago, Indices too. Metals still dicked around and gave me nothing. I said before, it's only 3 things to trade, as opposed to over two dozen in FX, so if I'm inactive for awhile, that's just how it has to be. I don't make -EV trades if I can help it.
I have a trade coming up shortly, waiting on some news to pass first. Good to be back in the metals game after the time off. Hoping it keeps on giving.
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#77
Life got in the way and I missed the trade. I rack disciprine!! Actually I don't, but this sucked because I'm tired of being patient with metals, and I wanna get back in the game here.
I am linking my account to MyFxBook though, so anyone who wants to track results can just do it there, and I won't have to screenshot anymore.
Comment
miltonschwartz
SBR Sharp
02-28-17
431
#78
Ralphie what's your opinion on silver in the near future? I bought in at 14.50 an ounce last year. I know fuk all about trading metals
Comment
miltonschwartz
SBR Sharp
02-28-17
431
#79
I've picked up on a few trends this last year. Ive noticed the price tends to go up during holiday weekends in the United States
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#80
Originally posted by miltonschwartz
Ralphie what's your opinion on silver in the near future? I bought in at 14.50 an ounce last year. I know fuk all about trading metals
Shorting silver was actually the trade I was going to make. But I trade it, I don't invest in it. I could have been out of the trade a few days later depending on what it did.
I have no long-term thoughts on anything really, because I know I'm not good at that. Chart says go, then I go.
I do know that during the last recession, everyone flocked to the dollar, not metals, so the price tanked. Most people thought it would have done the opposite, and they all took huge hits. Just something to think about when the next one comes.
Comment
miltonschwartz
SBR Sharp
02-28-17
431
#81
thanks for the insight. i purchased a very small amount so a 25% gain wasn't really worth selling for me. i wanna see this shit go back to 40 an oz and im prepared to wait my entire life for that i'll keep an eye on this thread
Originally posted by Ralphie Halves
Shorting silver was actually the trade I was going to make. But I trade it, I don't invest in it. I could have been out of the trade a few days later depending on what it did.
I have no long-term thoughts on anything really, because I know I'm not good at that. Chart says go, then I go.
I do know that during the last recession, everyone flocked to the dollar, not metals, so the price tanked. Most people thought it would have done the opposite, and they all took huge hits. Just something to think about when the next one comes.
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#82
That silver short would have been amazing. This is why I'm working my ass off right now. I can't dedicate to trading 100% of the time, and because of this I miss trades like that one. Cannot happen going forward, but a man's still gotta eat.
And I will be longing gold as soon as the market opens and I get a chance to. Nothing official yet since I don't have an entry price.
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#83
Going LONG GOLD @ 1256.60, $.50/pip
Stop loss @ 1230.00
Price is sitting just above my line. If it closes below it by the end of the day, I'll just exit and take a small loss. If it runs, it runs. Nice risk:reward here.
Comment
jjgold
SBR Aristocracy
07-20-05
388189
#84
here we go!
Comment
Ralphie Halves
SBR MVP
12-13-09
4507
#85
Fun while it lasted, but dropped below my line today, so will exit and wait to re-enter.